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OverviewThis study investigates the trade pattern, potential and effects of preferential liberalization of some emerging Asian countries, viz., India, Thailand, Bangladesh, and Sri Lanka, by forming a comparatively new regional group called Bay of Bengal for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). The study also takes into account the trade effects of other members of the bloc: Myanmar, Nepal and Bhutan. To examine the trade pattern of these countries, it adopts standard and stochastic frontier augmented panel gravity model. It also This study finally examines the possible effects of an FTA within BIMSTEC by trade policy simulation tools: SMART and Global Trade Analysis Project (GTAP) models. The results reveal that imports of BIMSTEC countries follow the Linder hypothesis, while exports can be explained by Heckscher-Ohlin-Samuelson theorem. Also, Bangladesh would incur a net welfare loss and a negative growth of real GDP by joining the FTA. The bloc would end up with a trade deficit. Despite some country-and sector-specific negative effects, the impact on overall economic growth would be positive by initiating an FTA. Full Product DetailsAuthor: Mahfuz KabirPublisher: LAP Lambert Academic Publishing Imprint: LAP Lambert Academic Publishing Dimensions: Width: 15.20cm , Height: 1.10cm , Length: 22.90cm Weight: 0.281kg ISBN: 9783838387260ISBN 10: 3838387260 Pages: 188 Publication Date: 15 December 2010 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |